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Victory Crossing Shopping Center 4000-4016 Victory Blvd
2,680 - 10,030 SF of Retail Space Available in Portsmouth, VA 23701
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4010E | 7,350 SF | 3-10 Years | $14.00 /SF/YR $1.17 /SF/MO $150.69 /m²/YR $12.56 /m²/MO $8,575 /MO $102,900 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 4016 | 2,680 SF | 3-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,467 /MO $53,600 /YR | Triple Net (NNN) |
1st Floor, Ste 4010E
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- $300 million Rivers Casino directly adjacent
- Rivers Casino to provide 1,500 permanent jobs
- 192 unit New Townhome Development at 409 McLean St
1st Floor, Ste 4016
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Drive Thru
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 4000-4016 Victory Blvd , Portsmouth, VA 23701
| Property Type | Retail | Year Built | 2003 |
| Gross Leasable Area | 91,958 SF | Parking Ratio | 4.19/1,000 SF |
| Total Land Area | 9.48 AC |
| Property Type | Retail |
| Gross Leasable Area | 91,958 SF |
| Total Land Area | 9.48 AC |
| Year Built | 2003 |
| Parking Ratio | 4.19/1,000 SF |
About the Property
Victory Crossing is the dominant portion of a 500,000 sq. ft. retail hub anchored by Farm Fresh, Lowe's Home Improvement and Shopper's World. Situated on the corner of Victory Boulevard and Interstate 264, Victory Crossing offers consumers a convenient, central location with easy interstate access near heavy daytime traffic generators including Tidewater Community College and Norfolk Navy Shipyards.
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
-
Justin McLiverty - J & J Investments
Presented by
J & J Investments
Victory Crossing Shopping Center | 4000-4016 Victory Blvd
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